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NEW YORK — Muni yields are holding their own in the face of slackening Treasuries and relatively healthy equities.
By James RamageSeptember 7 -
NEW YORK — The municipal market has had an aggressive last couple of days on otherwise light volume.
By James RamageSeptember 7 -
Propelled by a rally in the Treasury market, the municipal market put in a strong performance that saw the benchmark 10-year tax-exempt yield set a record low.
By James RamageSeptember 6 -
NEW YORK — The municipal market felt compelled, on little new issuance and retail investor activity, to give a relatively strong performance on the day. Out of this, the benchmark 10-year yield even reached a record low.
By James RamageSeptember 6 -
NEW YORK — Falling yields and strong activity in the secondary have the municipal market off to a vibrant start of the week heading into Tuesday afternoon.
By James RamageSeptember 6 -
NEW YORK — The municipal market has started the post-holiday weekend much where it left off: with a rally.
By James RamageSeptember 6 -
Unexpectedly, the municipal market ended the week not with a whimper but a bang.
By James RamageSeptember 2 -
NEW YORK — Unexpectedly, the municipal market ended the week not with a whimper but a bang.
By James RamageSeptember 2 -
NEW YORK — Municipal bond yields have been falling Friday, particularly heading farther out along the curve. But the market has seen sparse activity on the day.
By James RamageSeptember 2 -
NEW YORK — A weaker-than-expected employment report has jump started a rally in municipal and Treasury bond yields from the middle of the curve on out at a time when most of the financial world just wants to slip quietly into the Labor Day weekend.
By James RamageSeptember 2 -
The municipal market adopted a serene pose Thursday, reclining on a chaise lounge and slowly fanning itself. With a holiday weekend upon it and few traders around to answer their phones, the market clearly was in no mood for a dramatic rally or sell-off.
By James RamageSeptember 1 -
Investors still don’t like what they see in the market and decided to pull their money from municipal bond mutual funds for a sixth consecutive week.
By James RamageSeptember 1 -
NEW YORK — The municipal market adopted a serene pose Thursday, reclining on a chaise lounge and slowly fanning itself. With a holiday weekend upon it and few traders around to answer their phones, it clearly was in no mood for a dramatic rally or sell-off.
By James RamageSeptember 1 -
Even the odd-lot bid-wanteds have disappeared. As Thursday’s trading session pushes into the afternoon, even that stalwart branch of customer orders has dried up.
By James RamageSeptember 1 -
There is concrete evidence Thursday that the municipal market is already wading into the Labor Day holiday early.
By James RamageSeptember 1 -
The anaconda of apathy continued to tighten its stranglehold on the municipal marketplace Wednesday. And by many participants' accounts, the sparse volume and turnover must increase dramatically and soon in order to spark any serious and sustained investor interest.
By James RamageAugust 31 -
NEW YORK — The anaconda of apathy continued to tighten its stranglehold on the municipal marketplace Wednesday. And by many participants’ accounts, the sparse volume and turnover must increase dramatically and soon to spark any serious and sustained investor interest.
By James RamageAugust 31 -
Primary issuance Wednesday has energized the secondary market with new names. And the market is showing some appetite as sellers have been reaching to entice buyers, a trader in New York said.
By James RamageAugust 31 -
The municipal market opened slightly firmer Wednesday morning, as traders reported sellers seeing some bites on some of their offerings.
By James RamageAugust 31 -
Marked by little activity in the primary and secondary, the municipal bond market Tuesday essentially stood still, settling into a slow, pre-holiday-week languor.
By James RamageAugust 30